Teska Carson is pleased to offer 171 Glenferrie Road for sale by Public Auction on Wednesday 23 October 2024 at 12pm on-site, an exceptional retail investment opportunity.

Situated in a thriving location, Malvern is home to a mix of national tenants including Coles supermarket directly across the road and within close proximity to Malvern Central, anchored by David Jones and Woolworths. Serviced by lifestyle amenity, the property is only a short walk away from Malvern Station (700m) and provides immediate access to multiple tram stops along Glenferrie Road and High Street.

Erected on the land is a two-level building occupied by experienced businesses, the ground floor is tenanted by a boutique retailer with two locations and the first floor by Ani Jewellers, a family run business established in 1981.

The property benefits from rear access and on-site car parking.

Key considerations for this rare opportunity are as follows:

- Land area: 111m2
- Build area: 150m2
- Well-presented two-level building with quality fit-outs on each floor
- Income: $61,375 p.a plus GST (as at 15/10/2024)
- Surrounded by public parking
- Centrally located on Glenferrie Road
- Located only 8km northwest of Melbourne’s CBD.

Please do not hesitate to call for further information or to arrange an inspection.